India

Condemning a chemical attack of the governmental forces in Syria, India calls for global freedom from chemical weapons. Indian delegation at Organisation for the Prohibition of Chemical Weapons of India (OPCW) offers two possible and the most efficient ways of disburdening the world from military chemical disaster. First, it is an irreversible destruction of all […]...

Indian chemical industry accounts for 2% of the country’s GDP. Moreover, national chemical companies are in the top ten of global producers which tells that India is a strong and competitive player in the chemical arena. A chemical sector is closely connected to such powerful economic sectors as processing industry and services, agriculture and commodities. […]...

An Indian chemical company Atul intends to intensify the production performance via the cooperation with global chemical leaders. In 2016 the company agreed to a joint venture with AkzoNobel for the production of chemicals and the construction of the plant in Gujarat, India. Both partners have an even equity stake for the manufacture of monochloroacetic […]...

India is re-entering the world urea market and becomes a significant player in this business sector. This is due to the government’s decision to reduce the import of urea over the next 5 years. Moreover, on achieving the year 2022, Indian producers will completely refuse foreign fertiliser supplies. India has actively been developing domestic production […]...

Indian manufacturers have learned to produce baking powder from carbon dioxide using a coal-powered boiler. A plant of Tuticorin Alkali Chemicals, a company that manufactures fertilisers, gets carbon dioxide from the boiler and uses it for making soda ash. This technology is the first in the world that involves the extraction of CO2 and other […]...

Technavio’s report on global mining chemical market conveys the key global mining chemical players of the recent years that in prospect will keep their leading positions and impact the growth of the world chemical market. The global mining chemical market has much gained from the The share of the APAC vendors is 54% of the […]...

The production of polyols at the plants of Manali Petrochemicals, India will continue to grow. At the moment the company produces 50 thousand tonnes of polyols per year. In 2019 -2020, the company plans to increase investment to $ 160 million. This will allow increasing the production of polyols from 50 thousand tonnes to 150 […]...

As reported by Tata Strategic Management Group, chemical industry is tending to expand from $147 billion size up to $226 billion size by the fiscal year of 2020. The handbook “India Chem” published by Ananth Kumar — Chemical and Fertiliser Minister — presents the statistics that states that Indian chemical industry makes around 3 per […]...

Indian Oil Corporation plans to invest Rs 4500 crore in a 1.2 mln tpa polypropylene project at its Paradip refinery. IOC made its foray into the polymer business last year with a naphtha cracker at the Panipat refinery. However, stressed finances put the polypropylene unit on hold. The PSU has revived its plans for a […]...

Asia’s naphtha prices rose for the third consecutive day on Wednesday, to a four-session high, and have recovered most of the US$106/ton it lost in a single day last Friday, as per Reuters. Some sellers continue to be upbeat, on expectations of tight supplies next month. However, India’s Reliance Industries’ decision to cancel a term […]...

Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China. China, the world’s fastest growing major economy, has massive coal reserves, but the country’s energy consumption is growing so rapidly […]...

PVC prices in Southeast Asia are expected to move higher in February, with initial offers for both local and regional business having already been announced with increases when compared with sellers’ most recent January sale prices, as per Chemorbis. Producers pointed to higher import PVC prices in China and India as well as persistently strong […]...

CRUDE OIL In the week of January 17, 2011, benchmark oil for February delivery settled at US$91.5 on the Nymex, rising after government reports suggested that the US economy is gaining strength. It is reported that in USA, retail sales and industrial production rose last month. As per another report by the US Labour Department, […]...

Singapore’s Jurong island is all set to welcome two more synthetic rubber manufacturers. Two more investors, Sumitomo Chemical and Asahi Kasei Chemical, are setting up their latest S-SBR plants there – believed to cost hundreds of millions of dollars each – joining Germany’s Lanxess which is building a 400 million euros (S$712 million) butyl rubber […]...

India has urged Mozambique to consider allocation of more coal blocks to Indian companies besides expediting formalities for making operational two blocks, already allocated to Coal India Ltd. The Minister of State of Coal, Jaiswal on two -days tour to Mozambique, with a delegation of Coal Ministry’s officials including the Chairman of Coal India Ltd. […]...

Flooding in Australian coal mines in addition to the sky rocketing of scrap and iron ore prices has triggered the steel product prices went up phenomenally in Indian domestic market. In line with this the Indian Long Product Price Index (ILPPI) surged by 143 points on January 10th 2011 whereas Indian Flat Product Price Index […]...

Effective January 1, 2010, the Chinese government is to lift duty on OX and other xylenes — paraxylene and isomer-mixed xylenes — produced in Taiwan. Removal of import duty on orthoxylene from Taiwan will seriously undermine the “competitiveness” of South Korean producers, as per Platts. India’s Reliance Industries Ltd, which exports an average of 8,000-10,000 […]...

CRUDE OIL Yo-yoing oil prices have ended the week of November 1, 2010 a tad higher than last week. Oil for December delivery rose to US$81.96 on the Nymex, while Brent crude for December settlement rose to US$83.36 a barrel on ICE Futures Europe exchange. Speculations of another round of credit-easing measures by the US […]...

CRUDE OIL Crude oil prices have moved up to end the week of October 25, 2010 at US$81.7 on the Nymex while Brent crude for December traded at US$83.4 on the ICE Futures Europe exchange. An on going strike in France is expected to lead to a rise in French demand for imported fuel. A […]...

Players in India report that PVC offers in the import and domestic market are moving lower this week owing to lackluster buying interest from converters, as per Chemorbis. Converters are expecting to see some additional price declines in the days ahead as their customers because of sufficient end product stocks with the customer, who are […]...